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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 Commission file number 000-01227
 CHICAGO RIVET & MACHINE CO.
  ILLINOIS
    
    36-0904920(State of incorporation)
    
    (I.R.S. Employer Identification Number)901 Frontenac Road, Naperville, Illinois
    
    60563(Address of principal executive offices)
    
    (Zip Code)
 (630) 357-8500
  Title of Each Class
    
    Name of Each Exchange on Which RegisteredCommon Stock  $1.00 Par Value
    
    NYSE Amex(including Preferred Stock Purchase Rights)
    
    (Trading privileges only, not registered)
  o þ
 o þ
 þ o
 o o
 þ
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ(Do not check if smaller reporting company)
 o þ
   Documents Incorporated By Reference




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CHICAGO RIVET & MACHINE CO.
YEAR ENDING DECEMBER 31, 2010
 Item
    
    PageNo.
    
    No.Part I1. Business
    
    
    31A. Risk Factors
    
    
    41B. Unresolved Staff Comments
    
    
    62. Properties
    
    
    63. Legal Proceedings
    
    
    6Part II5. Market for Registrants Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities
    
    
    86. Selected Financial Data
    
    
    87. Managements Discussion and Analysis of Financial Condition
and Results of Operations
    
    
    87A. Quantitative and Qualitative Disclosures About Market Risk
    
    
    118. Financial Statements and Supplementary Data
    
    
    119. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure
    
    
    119A. Controls and Procedures
    
    
    12Part III10. Directors, Executive Officers and Corporate Governance
    
    
    1311. Executive Compensation
    
    
    1312. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters
    
    
    1313. Certain Relationships and Related Transactions,
and Director Independence
    
    
    1314. Principal Accountant Fees and Services
    
    
    13Part IV15. Exhibits and Financial Statement Schedules
    
    
    14EX-13EX-21EX-31.1EX-31.2EX-32.1EX-32.2
  2




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PART I
 
 ITEM 1  Business
           3




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ITEM 1A  Risk Factors
  We are dependent on the domestic automotive industry.
  We face intense competition.
  We rely on sales to two major customers.
  4




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Increases in our raw material costs or difficulties with our suppliers could negatively affect us.
  We may be adversely affected by labor relations issues.
  We may incur losses as a result of product liability, warranty or other claims that may be brought
against us.
  We could be adversely impacted by environmental laws and regulations.
  We could be adversely impacted by the loss of the services of key employees
  The
price of our common stock is subject to volatility, and our stock is thinly traded.
 
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ITEM 1B  Unresolved Staff Comments
  
 ITEM 2  Properties
   Plant Locations and Descriptions
 Naperville, Illinois
    
    Brick, concrete block and partial
metal construction with metal roof.Tyrone, Pennsylvania
    
    Concrete block with small tapered
beam type warehouse.Albia, Iowa
    
    Concrete block with prestressed
concrete roof construction.Madison Heights, Michigan
    
    Concrete, brick and partial metal
construction with metal roof.
 
 ITEM 3  Legal Proceedings
  6




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Executive Officers of the Registrant
  Name and Age of Officer
    
    
    
    
    
    Position
    
    Years an OfficerJohn A. Morrissey
    
    
    75
    
    
    Chairman, Chief
Executive Officer
    
    
    30Michael J. Bourg
    
    
    48
    
    
    President, Chief Operating
Officer and Treasurer
    
    
    12Kimberly A. Kirhofer
    
    
    52
    
    
    Secretary
    
    
    20
 
    
    Mr. Morrissey has been Chairman of the Board of Directors of the Company since November 1979, and
Chief Executive Officer since August 1981. He has been a director of the Company since 1968.
    
    Mr. Bourg has been President, Chief Operating Officer and Treasurer of the Company since May 2006.
He was Corporate Controller from December 1998 to November 2005. He became Vice President 
Finance in November 2005 and was named Executive Vice President in February 2006. He has been a
director of the Company since May 2006.
    
    Mrs. Kirhofer has been Secretary of the Company since August 1991, and was Assistant Secretary of
the Company from February 1991 through August 1991. Prior to that, she held various administrative
positions with the Company since May 1983.
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PART II
 
 ITEM 5  Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
   
 ITEM 6  Selected Financial Data
  
 ITEM 7  Managements Discussion and Analysis of Financial Condition and Results of Operations
 Forward-Looking Statements
  RESULTS OF OPERATIONS
  8




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2010 Compared to 2009
    DIVIDENDS
  PROPERTY, PLANT AND EQUIPMENT
  9




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LIQUIDITY AND CAPITAL RESOURCES
  Off-Balance Sheet Arrangements
   APPLICATION OF CRITICAL ACCOUNTING POLICIES
  NEW ACCOUNTING STANDARDS
  10




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OUTLOOK FOR 2011
      
 ITEM 7A Quantitative and Qualitative Disclosures About Market Risk
  
 ITEM 8  Financial Statements and Supplementary Data
  
 ITEM 9  Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
  11




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ITEM 9A  Controls and Procedures
        12




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PART III
 
 ITEM 10  Directors, Executive Officers and Corporate Governance
   
 ITEM 11  Executive Compensation
   
 ITEM 12  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
   
 ITEM 13  Certain Relationships and Related Transactions, and Director Independence
  
 ITEM 14  Principal Accountant Fees and Services
 
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PART IV
 
 ITEM 15  Exhibits and Financial Statement Schedules
 (a)
    
    The following documents are filed as a part of this report:
 1.
    
    Financial Statements:See the section entitled Consolidated Financial Statements which appears on
page 16 of this report.2.
    
    Financial statement schedule and supplementary information
required to be submitted:See the section entitled Financial Statement Schedule which appears on pages
17 through 19 of this report.3.
    
    Exhibits:See the section entitled Exhibits which appears on page 20 of this report.
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SIGNATURES
  Chicago Rivet & Machine Co.By
    /s/  Michael J. BourgMichael J. BourgPresident and Chief Operating Officer  /s/ John A. Morrissey

John A. Morrissey
    
    Chairman of the Board of Directors,Chief
Executive Officer (Principal
Executive Officer) and Member of the Executive CommitteeMarch 28, 2011/s/ Michael J. Bourg

Michael J. Bourg
    
    President, Chief Operating Officer,Treasurer
(Principal Financial and Accounting Officer), Director and Member of the
Executive CommitteeMarch 28, 2011/s/ Edward L. Chott

Edward L. Chott
    
    Director, Member ofthe
Audit CommitteeMarch 28, 2011/s/ Kent H. Cooney

Kent H. Cooney
    
    Director, Member ofthe
Audit CommitteeMarch 28, 2011/s/ William T. Divane, Jr.

William T. Divane
    
    Director, Member ofthe
Audit CommitteeMarch 28, 2011/s/ George P. Lynch

George P. Lynch
    
    DirectorMarch 28,
2011/s/ Walter W. Morrissey

Walter W. Morrissey
    
    Director, Member of the ExecutiveCommitteeMarch 28,
2011
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CHICAGO RIVET & MACHINE CO.
 CONSOLIDATED FINANCIAL STATEMENTS
         16




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FINANCIAL STATEMENT SCHEDULE
 2010 and 2009
  PageFinancial Statement Schedule:Valuation and Qualifying Accounts (Schedule II)
    
    
    18Report of Independent Registered Public Accounting Firm
on Financial Statement Schedule
    
    
    19
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Chicago Rivet & Machine Co.
 
 Schedule II  Valuation and Qualifying Accounts
For the Years Ended December 31, 2010 and 2009
 Balance at
    
    Additions
    
    
    
    
    
    Balance atBeginning
    
    Charged to
    
    
    
    
    
    EndClassification
    
    of Year
    
    Expenses
    
    Deductions(1)
    
    of Year2010Allowance for
doubtful accounts,
returns
and allowances
    
    $
    155,000
    
    
    $
    11,943
    
    
    $
    31,943
    
    
    $
    135,000Inventory valuation
allowance
    
    $
    564,500
    
    
    $
    122,814
    
    
    $
    170,714
    
    
    $
    516,6002009Allowance for
doubtful accounts,
returns
and allowances
    
    $
    165,000
    
    
    $
    13,702
    
    
    $
    23,702
    
    
    $
    155,000Inventory valuation
allowance
    
    $
    580,000
    
    
    $
    316,065
    
    
    $
    331,565
    
    
    $
    564,500
 
 (1)
    
    Accounts receivable written off are net of recoveries. 18




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CHICAGO RIVET & MACHINE CO
 EXHIBITS
 INDEX TO EXHIBITS
 ExhibitNumber
    
    
    
    Page3.1
    
    Articles of Incorporation, as last amended
August 18, 1997. Incorporated by reference to
the Companys report on Form 10-K,
dated March 27, 1998. File number 0000-012273.2
    
    Amended and Restated By-Laws, as amended through
August 17, 2009. Incorporated by reference to the
Companys report on Form 10-K, dated March 23, 2010.
File number 0000-012274.1
    
    Rights Agreement, dated December 3, 2009, between
the Company and Continental Stock Transfer & Trust
Company as Rights Agent. Incorporated by reference
to the Companys report on Form 8-K, dated
November 16, 2009. File number 0000-0122713*
    
    Annual Report to Shareholders for the year
ended December 31, 2010.
    
    22  3714
    
    Code of Ethics for Principal Executive and Senior
Financial Officers. Incorporated by reference to
the Companys report on Form 10K, dated
March 29, 2005. File number 0000-0122721
    
    Subsidiaries of the Registrant.
    
    
    3831.1
    
    Certification of Principal Executive Officer Pursuant to
Rule 13a-14(a) or 15d-14(a) as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
    
    
    3931.2
    
    Certification of Principal Financial Officer Pursuant to
Rule 13a-14(a) or 15d-14(a) as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
    
    
    4032.1
    
    Certification of Principal Executive Officer Pursuant to
18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
    
    
    4132.2
    
    Certification of Principal Financial Officer Pursuant to
18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
    
    
    42
 
 *
    
    Only the portions of this exhibit which are specifically incorporated herein
by reference shall be deemed to be filed herewith. 20